3475 Westdale Drive SW Cedar Rapids IA 52404
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3475 Westdale Drive SW Cedar Rapids IA 52404
To investors an excellent opportunity to purchase a stand-alone NNN Burlington. Originally a 15-year lease, with 6.5 years remaining, & a rental increase in 3 years of 10%. Westdale is strategically located on Edgewood Rd with seamless access from Hwy 30 & I-380, giving investors the opportunity to purchase an infill shopping center in a growing and positive area of the Corridor. Originally built in 1979, Westdale was originally comprised of a 900,000 SF traditional two-story enclosed Shopping Mall. In 2014, the mall went through a transformative redevelopment. Now boasting five major big box retail buildings and numerous development pads across 40 acres, Westdale is a vibrant hub of commerce and community. With a diverse tenant mix, including PetSmart, Ross Dress for Less, Michael’s, Burlington, JCPenney, GSA (VA Clinic) & more, 100% occupied, drawing from local, regional, & national markets.
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